Not as insane as the plastic packaging most of the overly processed food and general supplies we buy at the supermarkets. Most of it can't be recycled and ends up in landfills. But we keep up this anyway. You know what fixes overconsumption of such products? It starts with a B
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"Jam yesterday, and jam tomorrow, but never jam today", as Lewis Carroll put it
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It's absolutely not. I doubt you have been poor, because you'd otherwise know that you'd want to save for a better future. Good economic behaviour gets punished by the current monetary system. 1/x
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The poor can’t save, because they are poor.
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Why is low time preference a slave mindset used by masters for exploitation? (Remark: That's not a rhetorical question, because perhaps I don't know the meaning of "time preference".)
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"Low time preference" is economist jargon for the attitude better known by laypeople as "Just hold on, the check's in the mail"
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I am sincere here